Financial Regulation

Financial Regulation

Our Huge Hidden Tax: Government Regulations

Mises Institute’s Scott Powell wrote:  “…[T]he core lessons of the modern regulatory leviathan are: (1) that it can’t keep up with complexity; (2) that solutions are not only tenuous, but invariably come with unintended consequences; and (3) that it’s unlikely to work because it is driven by politicians who are driven to raise money and solicit votes—promising to “fix” problems by taking actions that “help” some constituents at the expense of others and that generally interfere with the self-correcting nature of a free market system.”

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Posted: February 23rd, 2017 | Permalink

How Can Government Promote Good and Protect Consumers?

“Do we create a concern about the overruling of state consumer protections in the course of establishing this national charter [for fintechs]?” asked Senator Merkley. “And these concerns … are shared by 50 state banking regulators, including D.C... More than 250 organizations have raised similar concernsp—[including] the Independent Community Bankers, the Consumer Bankers Association, Americans for Financial Reform, Center for Responsible Lending, National Consumer Law Center..."



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Posted: February 20th, 2017 | Permalink

More Work Needs to Be Done on TBTF Banks

"The nature of funding is just as runnable as it was in the 1920s…” added Federal Reserve Governor Daniel Tarullo.

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Posted: February 16th, 2017 | Permalink

The Need for Regulation in the Fintech Era

“There is an open question about whether or who should supervise fintech lenders in the United States, made all the more complicated by the interplay between our state and federal regulatory frameworks,” said Patrick Harker, president of the Philadelphia Fed. “Most personal finance companies, for example, are licensed and regulated at the state level. Uncertainty about the boundaries between these two competing spheres of authority can be seen in some states’ reactions to the OCC’s proposal.”

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Posted: February 9th, 2017 | Permalink

GSE Report January 2017

The inauguration of Donald J. Trump as the 45th president of the United States marks a new paradigm for our nation. While the pundits will parse every word of his 16-minute speech, most will miss the embedded meaning of federalism, patriotism, hope, and freedom expressed in the voice of a successful businessman.

…Trump’s prose is not the poetry of Lincoln, but it contains the soaring rhetoric of our founders’ philosophical intent. The president stated that he intends to return power to the people. This desire to return power to localities is the essential fourth branch of government, restricting abusive power that makes our republic uniquely federal. Both Athens and Rome, city-states of ancient times, ruled their empires without consideration of this issue. This omission led to dictatorial takeover. Two thousand years later, our founders recognized that the states were sovereign and determined to prevent this occurrence. They further put this in the Tenth Amendment, often ignored.

…After eight years in the wilderness, our search for the America our founders created has resumed. Ronald Reagan talked of a shining city on the hill from the Bible. He slowed the growth of federal domestic power but left us with a $1-trillion debt. Obama has left us withalmost $20 trillion in debt, making the job that much harder. Trump understands that American exceptionalism cannot flourish during bankruptcy.

…Trump seeks to shrink the government’s influence over our lives. This is the new paradigm that Reagan could not complete. If Trump succeeds, he will be the constitutionalist we need. For we are the people of these United States.


Howard J. Warner,

American Thinker

January 23, 2016


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Posted: January 31st, 2017 | Permalink

Private Infrastructure Provision: The Easy, the Hard, the Impossible

Posted: January 30th, 2017 | Permalink